SSR Mining Inc [SSRM] stock is trading at $4.48, up 2.28%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SSRM shares have gain 4.19% over the last week, with a monthly amount drifted -52.59%, and not seem to be holding up well over a long-time horizon.
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On 27, February 2024, SSR Mining Reports Fourth Quarter and Full-Year 2023 Results. In a post published today on Yahoo Finance, SSR Mining Inc. (Nasdaq/TSX: SSRM, ASX: SSR) (“SSR Mining” or the “Company”) reports consolidated financial results for the fourth quarter and full-year ended December 31, 2023. Subsequent to year-end 2023, on February 13, 2024, operations at Çöpler were suspended as a result of a significant slip on the heap leach pad (the “Çöpler Incident”). Nine individuals remain unaccounted for as a result. The Company is not, at this time, able to estimate or predict when it will resume operations at Çöpler. The Company is assessing the potential impacts on the business, cash flows, results of operations and financial condition.
From an analyst’s perspective:
SSR Mining Inc [NASDAQ: SSRM] stock has seen the most recent analyst activity on February 22, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $5 from $17. Previously, RBC Capital Mkts downgraded its rating to Underperform on February 20, 2024, and dropped its price target to $3. On February 15, 2024, downgrade downgraded it’s rating to Sector Perform and revised its price target to $6 on the stock. TD Securities downgraded its rating to a Hold. Scotiabank downgraded its rating to a Sector Perform. CIBC downgraded its rating to Neutral for this stock on February 14, 2024, and downed its price target to $6. In a note dated November 20, 2023, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $17 to $12.50.
SSR Mining Inc [SSRM] stock has fluctuated between $3.76 and $17.72 over the past year. Currently, Wall Street analysts expect the stock to reach $6.49 within the next 12 months. SSR Mining Inc [NASDAQ: SSRM] shares were valued at $4.48 at the most recent close of the market. An investor can expect a potential return of 44.87% based on the average SSRM price forecast.
Analyzing the SSRM fundamentals
SSR Mining Inc [NASDAQ:SSRM] reported sales of 1.43B for the trailing twelve months, which represents a growth of 39.01%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.32 points at the first support level, and at 4.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.58, and for the 2nd resistance point, it is at 4.69.
SSR Mining Inc [SSRM] reported earnings per share of $0.59 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.33/share, meaning a difference of $0.26 and a surprise factor of 78.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.26 per share as compared to estimates of $0.26 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
For context, SSR Mining Inc’s Current Ratio is 7.01. In addition, the Quick Ratio stands at 3.99 and the Cash Ratio stands at 2.89. Considering the valuation of this stock, the price to sales ratio is 0.64, the price to book ratio is 0.27.
Transactions by insiders
Recent insider trading involved Anglin Arthur Michael, Director, that happened on May 12 ’23 when 8000.0 shares were purchased. Chief Corp Development Officer, Farid Fady Adel Edward completed a deal on Mar 08 ’23 to sell 2955.0 shares. Meanwhile, Chief Financial Officer White Alison Lynn sold 2439.0 shares on Mar 08 ’23.
